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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Post by soundandfuryon Mar 19, 2021 2:23pm
224 Views
Post# 32839256

Should be an interesting 25 march

Should be an interesting 25 march They will announce close of asset sale............guidance on production following drilling ........guidance on cap ex for remainder of 2021 and possibly 2022.........did they hedge more production useing 3 way collars to lock in cash flow @ good prices..........they could have hedged an additional 10,000 bpd for much higher prices than original hedges and let those original hedges roll off over time......given that cash flows are critical for sgy in so many ways i would say the chances they hedged more are high.......also looking forward to about 1500 bpd of additional production in q2
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